Multi-Suite Office
New
For Sale
$850,000
19 Business Park Dr, Greenbrier, AR 72058
Two wings, multiple exterior entrances, and private bathrooms accommodate separate office suites.
Property Size6,217 SF
Price / SF$136.72
Days on Market3
Property Features for 19 Business Park Dr
General Information
Standard status
Active
Size
6,217 SF
Property subtype
Land
Amenities
reception area
updated kitchen
laundry room
security system
fenced rear area
outside storage
Building Details
Year Built
2005
Listing Agency:
Baxley-Penfield-Moudy Realtors
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baxley-Penfield-Moudy Realtors
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Investment Insights
Based on property information with market context.
Built in 2005, this 6,217-square-foot office property is arranged in two wings with nine rooms, eight private en-suite bathrooms, and a separate hallway bathroom. Multiple exterior entrances provide access to individual suites or distinct business operations. Interior features include a reception area, a kitchen with commercial-grade sinks, and a dedicated laundry room equipped with two commercial washer/dryer sets. The building also has a security system, metal roof, updated flooring and paint, paved parking, and a fenced rear area with outdoor storage.
The property is near downtown Greenbrier businesses, restaurants, and other amenities. Its suite-oriented layout is identified for medical and professional offices, salon and wellness suites, corporate headquarters, or multi-tenant occupancy.
The property is near downtown Greenbrier businesses, restaurants, and other amenities. Its suite-oriented layout is identified for medical and professional offices, salon and wellness suites, corporate headquarters, or multi-tenant occupancy.
Key Highlights
- 6,217‑square‑foot office building constructed in 2005
- Two wings with nine rooms and eight private en‑suite bathrooms, plus one hallway bathroom
- Multiple exterior entrances for individual suites or separate operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,968
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,360
$1.6M
Cap Rate 7%
$1,113,829
$1.1M
Cap Rate 9%
$866,311
$866.3K
Market Conditions
NOI Build-Up for 6,217 SF
Gross rent
$115.6K $18.60/SF
− Vacancy
−$11.7K −$1.88/SF
EGI
$104.0K $16.72/SF
− OpEx
−$26.0K −$4.18/SF
NOI
$78.0K $12.54/SF
Area
Faulkner County, AR
Vacancy
10.10%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,360
Cap Rate 7%
$1,113,829
Cap Rate 9%
$866,311
Alternative Uses
Best Use
Office B
$1.11M
$974.6K – $1.30M
NOI $77,968 @ 7.0% cap · market cap 9.17%
Second Best
Healthcare Medical
$750.6K
$656.8K – $875.7K
NOI $52,540 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,262 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two wings, multiple exterior entrances, and private bathrooms accommodate separate office suites.
Where is this office building located?
The property is located at 19 Business Park Dr Greenbrier, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,217‑square‑foot office building constructed in 2005; Two wings with nine rooms and eight private en‑suite bathrooms, plus one hallway bathroom; Multiple exterior entrances for individual suites or separate operations
